International > CBAM & Tariffs > COP29: Clean tech tariffs risk triggering ‘backlash’, UN agency warns

COP29: Clean tech tariffs risk triggering ‘backlash’, UN agency warns

Published 10:03 on November 19, 2024 / Last updated at 10:03 on November 19, 2024 / / Americas (US & Canada), Asia Pacific, EMEA (Europe), International (CBAM & Tariffs)

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The imposition of tariffs and regulatory barriers on clean technologies may initially benefit countries wanting to protect nascent industries from competition, but they will backfire in the long run and ultimately hurt consumers, warned a senior official at UN Trade and Development (UNCTAD).
The imposition of tariffs and regulatory barriers on clean technologies may initially benefit countries wanting to protect nascent industries from competition, but they will backfire in the long run and ultimately hurt consumers, warned a senior official at UN Trade and Development (UNCTAD).


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